Mount Vernon Associates Inc. MD Decreases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mount Vernon Associates Inc. MD cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,160 shares of the ride-sharing company’s stock after selling 300 shares during the period. Uber Technologies makes up approximately 1.8% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 17th largest holding. Mount Vernon Associates Inc. MD’s holdings in Uber Technologies were worth $2,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Brown Brothers Harriman & Co. boosted its position in Uber Technologies by 58.0% during the second quarter. Brown Brothers Harriman & Co. now owns 1,299 shares of the ride-sharing company’s stock worth $94,000 after purchasing an additional 477 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Uber Technologies by 10.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock worth $615,220,000 after buying an additional 821,508 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Uber Technologies by 13.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,798,884 shares of the ride-sharing company’s stock worth $203,401,000 after buying an additional 341,312 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Uber Technologies by 278.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 45,059 shares of the ride-sharing company’s stock worth $3,275,000 after buying an additional 33,142 shares in the last quarter. Finally, One Capital Management LLC grew its stake in Uber Technologies by 26.2% in the 2nd quarter. One Capital Management LLC now owns 3,489 shares of the ride-sharing company’s stock valued at $254,000 after acquiring an additional 725 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UBER shares. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Royal Bank of Canada boosted their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $91.53.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

UBER opened at $66.34 on Wednesday. The company has a market capitalization of $139.69 billion, a P/E ratio of 33.00, a PEG ratio of 0.75 and a beta of 1.36. The company has a 50-day moving average of $66.58 and a 200-day moving average of $70.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.